Stablecoins

Ripple, a major player in the digital payments space, has announced a strategic partnership with the legendary U.S. bank BNY Mellon, which will serve as the primary custodian for reserves backing Ripple’s RLUSD stablecoin. With over $50 trillion in assets under custody, BNY Mellon adds serious credibility to the stablecoin’s institutional adoption.

✅ Strengthening Trust and Regulatory Alignment
The RLUSD stablecoin, launched by Ripple in late 2024, is now backed by BNY Mellon, a move aimed at boosting confidence and regulatory compliance amid fast-changing U.S. stablecoin legislation.
This comes as Washington accelerates crypto legislation in what’s being called the “Summer of Stablecoins.” The Trump administration is easing regulatory burdens imposed during the Biden era, creating a more favorable climate for digital assets.

🏛 Ripple Applies for U.S. Bank Charter
In a major regulatory push, Ripple submitted an application on July 2nd to the U.S. Office of the Comptroller of the Currency (OCC) for a national banking license. If approved, this would give Ripple direct access to U.S. central bank payment rails without intermediaries.
Ripple has also applied for a master account with the Federal Reserve, positioning itself among the very few crypto companies with privileged access to core financial infrastructure. RLUSD is currently regulated at the state level by the New York Department of Financial Services (NYDFS), but a successful OCC license would move oversight to the federal level.
Senior VP for stablecoins Jack McDonald said that this dual regulatory model could set a new benchmark for transparency and compliance in the stablecoin sector.

🏦 BNY Mellon: A Traditional Giant Embracing Crypto
BNY Mellon, the oldest bank in the U.S., made its first major move into digital assets in 2021 by launching its own crypto unit. Today, it offers custody services for Bitcoin and other tokens. Emily Portney, Global Head of Asset Servicing at BNY Mellon, described the Ripple partnership as a “natural evolution” of the bank’s crypto engagement.
“As custodian, we’re excited to support RLUSD’s growth by streamlining reserve and cash movement for conversions,” Portney stated. “We’re proud to work closely with Ripple to help shape the future of the financial system.”

🌐 U.S. Congress Sets the Stage for a Stablecoin Boom
Beyond Ripple, other giants like Amazon, Apple, Airbnb, Uber, and Walmart are reportedly exploring their own stablecoin solutions to enable fast, low-cost payments.
On June 17th, U.S. lawmakers introduced the Genius Act, a bill that would formally integrate stablecoins into the U.S. financial system. The legislation would require stablecoin issuers to obtain a national banking license and maintain 1:1 backing with fiat currency or U.S. Treasuries.
At present, Anchorage Digital remains the only federally chartered crypto bank, while Circle, the $62 billion issuer of USDC, has also filed an application.

📈 XRP Jumps on Ripple’s Banking Ambitions
News of Ripple’s banking license application and its partnership with BNY Mellon immediately boosted sentiment around XRP, the company’s native token. XRP jumped 4%, breaking past the critical $2.28 resistance level—a potential setup for more technical upside.

#Ripple , #RLUSD , #Stablecoins , #CryptoNews , #DigitalAssets

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

$RLUSD just hit $500M+ market cap 🚀—and now BNY Mellon, the $53T custody titan, is backing it as Ripple’s reserve guardian.

Why it matters?
🔐 Institutional trust = 🔥 more stablecoin adoption
🏛️ #Ripple is gunning for a national bank license & Fed master account (👀 direct access to the U.S. financial engine!)
📈 RLUSD’s 30% growth this month isn’t luck—it’s momentum.

Ripple’s clearly playing the long game. First the courtroom, now the banking halls. Wall Street’s watching.

Will RLUSD go toe-to-toe with $USDC or $USDT next? 🥊
$XRP
Agree? Drop your hot take below! 👇
#Ripple #Stablecoins #CryptoNews

A record $31 billion influx of USDT and USDC into Binance is reviving hopes for a long-anticipated altseason, as traders begin to position for a potential breakout across the broader crypto market.

According to on-chain analyst Timo Oinonen, this spike in stablecoin reserves represents “a brewing liquidity explosion,” signaling that investors are sitting on the sidelines with dry powder, waiting for the right moment to rotate into altcoins.

The shift comes amid a steady decline in Bitcoin dominance over the past 90 days, suggesting capital could soon flow into other digital assets. At the same time, the TOTAL2 chart — which tracks the market cap of all cryptocurrencies excluding Bitcoin — is forming a bullish cup-and-handle pattern. If confirmed, it could push the altcoin market to $1.55 trillion in the coming months.

“Stablecoins flooding into Binance while BTC is being withdrawn is a key tell,” said Oinonen in a CryptoQuant post. “It hints at latent buying power ready to deploy.”

João Wedson, CEO of Alpharactal, echoed the sentiment, pointing to signals on the Altcoin Season Index that suggest it may be an opportune time to accumulate altcoins while Bitcoin remains in consolidation.

While altseason hasn’t fully materialized yet, the combination of surging stablecoin reserves, weakening Bitcoin dominance, and coiling market structure suggests the second half of 2025 could be pivotal for altcoins — if the right catalyst arrives.
#Stablecoins